A group that promotes investment advice that's in the client's best interest is not waiting for federal regulators to come up with a fiduciary rule for all financial advisers, it's offering an 11-point plan for how to start acting as fiduciaries now. The steps include providing advice that adheres to the fiduciary requirements of the Advisers Act of 1940, being transparent about fees, avoiding conflicts of interest, eschewing commissions and third-party payments, avoiding principal trading and choosing from a range of investment products to meet client needs.
http://ift.tt/1631jF3
http://ift.tt/1631jF3
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